JAINRECMetals & Mining

Jain Resource Recycling Limited

Diversified Metals · ISIN INE0YD401026 · BSE 544537 · NSE EQ · FV ₹2
Last price
₹274
-0.27%today
What this company does

Jain Resource Recycling Limited operates in Diversified Metals, part of the Metals & Mining sector. It booked ₹2,724 cr of revenue in its latest quarter (Q1 FY27) and kept 2.5% of sales as profit. It is the 2nd largest of 4 Diversified Metals companies we track, by market value.

36out of 100
Equitytale Health Score
Strained

Healthier than 36% of companies in Metals & Mining, on the 5 of 6 measures we could read for it. Each measure is ranked against the 22–24 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns46

How much profit it earns on the money it employs

Balance sheet35

How much it owes, and whether earnings cover the interest

Cash quality0

Whether reported profit actually arrives as cash · lowest in its sector on what we could measure

Valuation14

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 76% vs last year
Profit up 21% vs last year
Promoters hold 74%
No promoter shares pledged
Strong 18% return on equity
Watch-outs
! Thin 2.5% net margin
! Operating cash flow is negative

What if I invest in JAINREC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹274 -0.27%
latest close · 2026-09-17
52-wk low ₹27142 sessions so far52-wk high ₹363
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio33.9High
LowAverageHigh
P/B ratio6.06High
Below bookModerateHigh
EV / EBITDA22.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.8%Strong
WeakFairStrong ▸15%
Return on capital28.3%Strong
WeakFairStrong
Net margin2.5%Thin
ThinDecentStrong
EBITDA margin4.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.82Moderate
LowModerateHigh ▸1
Interest cover6.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.77Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹9,457 cr
Book value
₹45
EPS
₹2.02
latest quarter
Net debt
₹1,202 cr
owes more than its cash
Enterprise value
₹10,659 cr
EBITDA
₹475 cr
annualised
EBIT
₹457 cr
annualised
Operating margin
4.2%
Return on assets
8.2%
Earnings yield
2.95%
P/S
0.87
Sales / share
₹315.8
Tax rate
25.7%
Face value
₹2
Shares
34.5 cr
Working capital
₹1,368 cr
Current assets
₹3,136 cr
Current liabilities
₹1,767 cr
Delivery %
38.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹84₹84, midpoint ₹84

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,724 cr
Other Income₹9 cr
Total Income₹2,734 cr
Cost of Materials₹2,499 cr
Purchases of Stock-in-Trade₹29 cr
Inventory Change (±)₹27 cr
Employee Benefit Expense₹11 cr
Finance Costs₹19 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹50 cr
Total Expenses₹2,638 cr
Profit before Tax₹95 cr
Tax Expense₹25 cr
Share of JV / Associates₹-1 cr
Net Profit₹69 cr
Net margin on total income2.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,555 cr93.5%
Employee benefit expense₹11 cr0.4%
Finance costs₹19 cr0.7%
Depreciation & amortisation₹4 cr0.2%
Other expenses₹50 cr1.8%
Tax expense₹25 cr0.9%
Profit for the period₹69 cr2.5%
Total income ₹2,734 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,775 cr3,105 cr2,724 cr
Total income2,781 cr3,115 cr2,734 cr
Expenses2,606 cr3,026 cr2,638 cr
Profit before tax174 cr89 cr95 cr
Tax45 cr23 cr25 cr
Net profit (owners' share)128 cr66 cr69 cr
Net margin (owners' share, on revenue)4.6%2.1%2.5%
EPS (₹)3.751.912.02
YoY (latest quarter): total income +75.6% · net profit +21.2%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹3,382 cr
Shareholder equity
₹1,561 cr
parent shareholders
Total debt
₹1,271 cr
Cash
₹70 cr
Cash flow · H1 FY26
Operating
₹-403 cr
Investing
₹-405 cr
Financing
₹797 cr
Peer comparison
Diversified Metals · by market value
CompanyPriceMarket capP/E
Vedanta Limited₹257₹2.56 L cr8.1
Jain Resource Recycling Limitedthis company₹274₹9,457 cr33.9
Pondy Oxides & Chemicals Limited₹470₹3,587 cr25.0
Ardee Industries Limited₹49₹1,248 cr15.7
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
73.6%
FII / Foreign
1.2%
DII / Domestic
9.7%
Retail / others
15.4%
Smart-money activity
Insider trades
SoldMayank Pareek · Designated Person11.00 L · ₹35.2 cr6 Aug 26
Bulk / block deals
short · NSE8224 Jul 26
short · NSE5030 Jun 26
short · NSE1515 Jun 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 27 Aug 2026
See the official result
1
TO RECEIVE, CONSIDER AND ADOPT THE AUDITED STANDALONE AND CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026 TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON.
Backed by 99% of shareholders other than promotersneeded 50%
2.92 cr votes for, 2.40 L against · 1% of mutual funds and other big investors said no
2
TO APPOINT A DIRECTOR IN PLACE OF MR. KAMLESH JAIN (DIN: 01447952), WHO RETIRES BY ROTATION AND BEING ELIGIBLE, OFFERS HIMSELF FOR REAPPOINTMENT
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
2.84 cr votes for, 11.17 L against · 5% of mutual funds and other big investors said no
3
RATIFICATION OF THE REMUNERATION PAYABLE TO THE COST AUDITOR FOR THE FINANCIAL YEAR ENDING MARCH 31, 2027
Backed by 100% of shareholders other than promotersneeded 50%
2.95 cr votes for, 533 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 26 named members
owning 73.6% between them · as of 2026-06-30
Kamlesh Jain65.87%
Jain Family Trust (Trustee Mr. Kamlesh Jain)7.21%
Jain Geetha0.51%
Anita Narendra Porwalno shares
Divyadivine India Private Limitedno shares
Eshcube Propertiesno shares
GoCapital Finance Limitedno shares
Jain Metal Charitable Trustno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹500 cr raised in Sep 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 100% of what it set aside. CRISIL RATINGS LIMITED watches the spending on the exchange’s behalf.

Pre-payment or scheduled re-payment of a portion of certain outstanding borrowings availed by our Company
100%
₹375 cr of ₹375 cr
General Corporate Purpose
100%
₹99 cr of ₹99 cr
Issue Expense
100%
₹26 cr of ₹26 cr
Spent by quarter: 99%100% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.